Testing some trading ideas

Been marking gaps on my 8 minute chart and using StochRSI using GW's 1-5 settings. Virtual trading is something I do when I want to test what I am thinking. I also virtual trade at least twice a week.

On 9/9 using my 8 minute chart I tested the 3 gap method. I bought 4 META 170 PUTS for 4.40 to HOLD until expiration Friday unless the move went my way. I was losing but I held my virtual trade because as I mentioned I wanted to see if the 3 gap method would work. Sure enough I sold just a few minutes ago @ 17.40. So far so good.

The gap ups began on the 8 chart on 8/25. I mark my gaps using a ray dash line in red. I use "notes" to record the date and the amount of the gap up and continue this until the gap up (or down) is filled. Sometimes I mark this on the larger charts as well because they eventually become support and resistance. This is why I love Investopedia as an extra learning tool to add what GW taught.

[www.investopedia.com]

Darcy3 Wrote:
-------------------------------------------------------
> Been marking gaps on my 8 minute Omiš apartment and using
> StochRSI using GW's 1-5 settings. Virtual trading
> is something I do when I want to test what I am
> thinking. I also virtual trade at least twice a
> week.
>
> On 9/9 using my 8 minute chart I tested the 3 gap
> method. I bought 4 META 170 PUTS for 4.40 to HOLD
> until expiration Friday unless the move went my
> way. I was losing but I held my virtual trade
> because as I mentioned I wanted to see if the 3
> gap method would work. Sure enough I sold just a
> few minutes ago @ 17.40. So far so good.
>
> The gap ups began on the 8 chart on 8/25. I mark
> my gaps using a ray dash line in red. I use
> "notes" to record the date and the amount of the
> gap up and continue this until the gap up (or
> down) is filled. Sometimes I mark this on the
> larger charts as well because they eventually
> become support and resistance. This is why I love
> Investopedia as an extra learning tool to add what
> GW taught.
>
> https://eldfall-chronicles.com/product/2x-earth-elementals/



Zdi se, da izvajate virtualno trgovanje, da bi preizkusili svoje tržne hipoteze in načrte. Uporabljate 8-minutni graf in indikator StochRSI z nastavitvami 1-5, poleg tega pa vsaj dvakrat na teden izvajate tudi virtualno trgovanje. Ste preizkusili tudi metodo 3 gapov in kupili 4 META 170 PUT-a za 4,40 evra z namenom, da jih držite do konca veljavnosti v petek, razen če se trg odzove po vaših željah.



Edited 2 time(s). Last edit at 02/23/2023 09:11AM by JamesBasej.

James: Sprechen Sie etwas davon, aber nichts davon. English please.

Darcy3 Wrote:
-------------------------------------------------------
> Been marking gaps on my 8 minute chart and using
> StochRSI using GW's 1-5 settings. Virtual trading
> is something I do when I want to test what I am
> thinking. I also virtual trade at least twice a
> week.
>
> On 9/9 using my 8 minute chart I tested the 3 gap
> method. I bought 4 META 170 PUTS for 4.40 to HOLD
> until expiration Friday unless the move went my
> way. I was losing but I held my virtual trade
> because as I mentioned I wanted to see if the 3
> gap method would work. Sure enough I sold just a
> few minutes ago @ 17.40. So far so good.
>
> The gap ups began on the 8 chart on 8/25. I mark
> my gaps using a ray dash line in red. I use
> "notes" to record the date and the amount of the
> gap up and continue this until the gap up (or
> down) is filled. Sometimes I mark this on the
> larger charts as well https://zumbaliciouscrew.com/en/zumba-on-demand/ because they eventually
> become support and resistance. This is why I love
> Investopedia as an extra learning tool to add what
> GW taught.
>
> [www.investopedia.com]

It sounds like you're using a combination of technical analysis tools and strategies to inform your trading decisions, particularly focusing on gap analysis, StochRSI, and chart patterns. Virtual trading or paper trading is an excellent way to test your strategies and gain confidence in your approach without risking real capital.

Here's a breakdown of some key points:

1. Gap Analysis: Identifying and tracking gaps in price charts can be a valuable technique. These gaps often act as support or resistance levels in the future, and understanding their behavior can help you make more informed trading decisions.

2. StochRSI* Stochastic Relative Strength Index (StochRSI) is a momentum oscillator that combines the features of both the Stochastic Oscillator and the Relative Strength Index (RSI). It can help you identify overbought and oversold conditions in the market, potentially indicating reversal points.

3. Virtual Trading: Practicing with virtual or paper trading is an effective way to refine your trading strategies, test new ideas, and build confidence without risking real money. It's essential to treat virtual trading as seriously as real trading to get meaningful insights.

4. Investopedia: Using educational resources like Investopedia to supplement your trading knowledge is a great approach. It can provide valuable insights, explanations, and examples to enhance your understanding of trading concepts.

It's clear that you are taking a methodical and analytical approach to your trading, which can be beneficial in managing risk and making informed decisions. However, remember that past performance, even in virtual trading, doesn't guarantee future results, and the markets can be unpredictable. Always continue learning and adapting your strategies as needed based on market conditions.

Mike:

?



Edited 1 time(s). Last edit at 10/06/2023 01:28PM by Darcy3.

Mike Wrote:

-------------------------------------------------------
> Darcy3 Wrote:
> --------------------------------------------------
> -----
> > Been marking gaps on my 8 minute chart and
> using
> > StochRSI using GW's 1-5 settings. Virtual
> trading
> > is something I do when I want to test what I am
> > thinking. I also virtual trade at least twice a
> > week.
> >
> > On 9/9 using my 8 minute chart I tested the 3
> gap
> > method. I bought 4 META 170 PUTS for 4.40 to
> HOLD
> > until expiration Friday unless the move went my
> > way. I was losing but I held my virtual trade
> > because as I mentioned I wanted to see if the 3
> > gap method would work. Sure enough I sold just
> a
> > few minutes ago @ 17.40. So far so good.
> >

> > The gap ups began on the 8 chart on 8/25. I
> mark
> > my gaps using a ray dash line in red. I use
> > "notes" to record the date and the amount of
> the
> > gap up and continue this until the gap up (or
> > down) is filled. Sometimes I mark this on the
> > larger charts as well
> [zumbaliciouscrew.com]
> because they eventually
> > become support and resistance. This is why I
> love
> > Investopedia as an extra learning tool to add
> what
> > GW taught.
> >
> > [www.investopedia.com]
>
> It sounds like you're using a combination of
> technical analysis tools and strategies to inform
> your trading decisions, particularly focusing on
> gap analysis, StochRSI, and chart patterns.
> Virtual trading or paper trading is an excellent
> way to test your strategies and gain confidence in
> your approach without risking real capital.
>
> Here's a breakdown of some key points:
>
> 1. Gap Analysis: Identifying and tracking gaps in
> price charts can be a valuable technique. These
> gaps often act as support or resistance levels in
> the future, and understanding their behavior can
> help you make more informed trading decisions.
>
> 2. StochRSI* Stochastic Relative Strength Index
> (StochRSI) is a momentum oscillator that combines
> the features of both the Stochastic Oscillator and
> the Relative Strength Index (RSI). It can help you
> identify overbought and oversold conditions in the
> market, potentially indicating reversal points.
>
> 3. Virtual Trading: Practicing with virtual or
> paper trading is an effective way to refine your
> trading strategies, test new ideas, and build
> confidence without risking real money. It's
> essential to treat virtual trading as seriously as
> real trading to get meaningful insights.
>
> 4. Investopedia: Using educational resources like
> Investopedia to supplement your trading knowledge
> is a great approach. It can provide valuable
> insights, explanations, and examples to enhance
> your understanding of trading concepts.
>
> It's clear that you are taking a methodical and
> analytical approach to your trading, which can be
> beneficial in managing risk and making informed
> decisions. However, remember that past
> performance, even in virtual trading, doesn't
> guarantee future results, and the markets can be
> unpredictable. Always continue learning and
> adapting your strategies as needed based on market
> conditions.

Trading is like gabling ang playing d4d.



Edited 1 time(s). Last edit at 01/25/2024 06:41AM by JamesBasej.